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we only have less than a month before the so-called fiscal cliff and house speaker boehner said congressional republicans are "nowhere in talks with the white house." they are trying. good morning. i'm jamie colby. great to have you here. welcome to america's news headquarters. >> eric: i'm eric shawn. good morning. in an exclusive interview with "fox news sunday," speaker boehner says negotiations are at a standstill. this is as treasury secretary tim geithner says the president is ready for what he calls difficult concessions. mr. boehner says he was flabbergasted at the white house stance on what they say needs to be done. peter doocy has details this morning on the latest developments from washington. good morning, peter. >> good morning, eric. spieger boehner said negotiations are nowhere, period and he called treasury secretary tim geithner's presentation of the white house proposal to avoid the fiscal cliff earlier in week "nonserious." >> i was flabbergasted. i lookedded a him like you can't be serious. i've just never seen anything like it. you know we have seven weeks between electi
we only have less than a month before the so-called fiscal cliff and house speaker boehner said congressional republicans are "nowhere in talks with the white house." they are trying. good morning. i'm jamie colby. great to have you here. welcome to america's news headquarters. >> eric: i'm eric shawn. good morning. in an exclusive interview with "fox news sunday," speaker boehner says negotiations are at a standstill. this is as treasury secretary tim geithner says...
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fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spending in here that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: secretary geithner says the white house $4 trillion plan has 2 to 1 ratio of cuts to spending increases. but everything we heard from speaker boehner suggests the $1.6 trillion in new revenue the white house wants is too much. especia
fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what...
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Nov 17, 2012
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we really need to get our fiscal house in order. the question is how. >> rick: ryan, revenue is on the table. the republicans are using the word. they say they're for it. what can the democrats put on the table? what should democrats say they would be willing to cut in terms of spending? >> the fiscal cross roads that politicians face now represent two very clear option for the road ahead. either we're going to make the middle class pay even more so the very rich can pay even less or make our country and our economy work for people that work for a living once again. we can either keep these trickle down tax cuts for the world's wealthiest individuals or we can protect social security. we can -- >> rick: ryan, let me go back to my initial question. what could democrats put on the -- if republicans are talking about revenue, which they didn't really want to talk about in the debt ceiling negotiations, they're talk being it now. what can the democrats say they will be willing to cut specifically? >> what americans need now is jobs, not
we really need to get our fiscal house in order. the question is how. >> rick: ryan, revenue is on the table. the republicans are using the word. they say they're for it. what can the democrats put on the table? what should democrats say they would be willing to cut in terms of spending? >> the fiscal cross roads that politicians face now represent two very clear option for the road ahead. either we're going to make the middle class pay even more so the very rich can pay even less...
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cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of the economy. they hire. right now, one out of five cut jobs in the next 12 months. one out of three is cutting capital spending. if there is no jobs we don't have consumer spending that is 70% of g.d.p., so this is really steam rolling. it is frightening. >> gregg: i was reading economists and they say household purchases, wages in salary going down, durable goods decreasing now we have manufacturing coming out on monday as well as jobs report on thursday or friday? >> yeah, the jobs report is expected to be very dismal, about 75,000 net jobs. some of that is because of sandy, but housing market is rebuilding, it's recovering. that makes people feel more wealthy. this retail season is going to be very critical. it's going to tell us a lot. stocks could go up on that. we have some tail winds but right now there is a lot of question marks. >> gregg: brenda, we'll talk about sandy and impact on the economy in the nex
cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of the economy. they hire. right now, one out of five cut jobs in the next 12 months. one out of three is cutting capital spending. if there is no jobs we don't have consumer spending that is 70% of g.d.p., so this is really steam rolling. it is frightening. >> gregg: i was reading economists and they say household purchases, wages in salary going down,...
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Dec 30, 2012
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. >> when you break out some of the individual leader who is are playing a part in this fiscal cliff negotiation, this is the latest gallup polling around christmas time. none of them faired too well. the president does the best. but we have house speaker john boehner, approval is 26% and harry reid, 34%. doug, who steps up and shows some leadership at this moment? >> well, the president's overall approval rating is pretty high, i think, he is in the mid-50s, about the highest he has been in some time. i think it's going to be, in the short term, it's mcconnell and reid. can it pass the house? that will be up to john boehner's leadership. i think that john boehner wants to get something done. he is a deal maker. but he has 80, 90, 100 members in the caucus who refuse to take yes for an answer, as the president said. so i agreew on the overall issue of the debt. i think that's why the president put forward a plan on a grand bargain to get $4 trillion in deficit reduction, but that wouldn't have been able to pass the house. so, short term, mcconnell and reid, they are dealt makers. the
. >> when you break out some of the individual leader who is are playing a part in this fiscal cliff negotiation, this is the latest gallup polling around christmas time. none of them faired too well. the president does the best. but we have house speaker john boehner, approval is 26% and harry reid, 34%. doug, who steps up and shows some leadership at this moment? >> well, the president's overall approval rating is pretty high, i think, he is in the mid-50s, about the highest he...
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Nov 24, 2012
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cliff. corvers are staying that republicaning are folding under pressure. steve forbes joins us. and the miracle on worthington street. and a massive explosion rocks a massachusetts. and all on america's news head quarters, don't go away. with verizon. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> welcome back. later today investigators are assessing the damage done to buildings near a strip club that exploded yesterday. a national gas explosion leveled the building. 18 people were injured there and first responders had evacuated the building when it exploded. listen up. there is a way law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that inclu
cliff. corvers are staying that republicaning are folding under pressure. steve forbes joins us. and the miracle on worthington street. and a massive explosion rocks a massachusetts. and all on america's news head quarters, don't go away. with verizon. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> welcome back. later...
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Dec 1, 2012
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how will this affect home owners if we go off this show called fiscal cliff? >> kelly, you know, at this point there is so much speculation around this fiscal cliff, and you're talking about the housing market. there is talk about what would happen if some of these real estate write-offs are at least reduced or, you know, somehow changed. the housing market is one area that's actually shown positives in the past year or so. any sort of change with that to the mortgage interest deduction and also, any change, possibly in property taxes and those deductions could have a negative effect on the economy. but you know, kelly, there are things that are in our control, if you will. it seems like things are out of control with these d.c. negotiations. but there are some things that we can look at. >> kelly: let me ask you, we, as you said, it's out of control what we can do to get congress and the president to step up and do the right thing and find common ground and give us a solution. so, what's in our control, should we go off that fiscal cliff because of congress's
how will this affect home owners if we go off this show called fiscal cliff? >> kelly, you know, at this point there is so much speculation around this fiscal cliff, and you're talking about the housing market. there is talk about what would happen if some of these real estate write-offs are at least reduced or, you know, somehow changed. the housing market is one area that's actually shown positives in the past year or so. any sort of change with that to the mortgage interest deduction...
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fiscal cliff is serious one. negotiations here are nowhere. another republican, senator lindsey graham thinks he thinks things are heading down hill. >> i think we are going over the cliff. it's clear to me they made a political calculation. the offer doesn't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go further, lay it out to us. >> secretary geithner said he cannot promise we won't go off t
fiscal cliff is serious one. negotiations here are nowhere. another republican, senator lindsey graham thinks he thinks things are heading down hill. >> i think we are going over the cliff. it's clear to me they made a political calculation. the offer doesn't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy...
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Nov 17, 2012
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well, 51% say it is likely that congress and the white house will agree a on a plan to avoid the fiscal cliff. while 42% say, not so much. pretty unlikely. let's bring in scott rasmussen to talk more about this. so 51% say it's likely they'll reach a deal. they have faith. >> well, they have a little bit of faith. only 29% have a strong opinion one way or the other and they're split down the middle. seven out of ten americans say they're not really sure what's going to happen, but they are leaning in one direction. 60% do want to see the tax cuts extended. 48% want to see the spending cuts stopped. so there is a hope that something can happen. at the early stage in negotiations, people aren't really sure what's going to happen. heather, i got to tell you, when you got beyond the short-term and you ask about what are the prospects for a longer term deal to rein in spending in the future, most americans say you've got to be kidding? >> gregg: the president wants to raise taxes on the rich and he seems to identify those rich people as anybody who makes over $250,000 a year. some of those m
well, 51% say it is likely that congress and the white house will agree a on a plan to avoid the fiscal cliff. while 42% say, not so much. pretty unlikely. let's bring in scott rasmussen to talk more about this. so 51% say it's likely they'll reach a deal. they have faith. >> well, they have a little bit of faith. only 29% have a strong opinion one way or the other and they're split down the middle. seven out of ten americans say they're not really sure what's going to happen, but they...
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the leaders, trying to steer the country away from the fiscal cliff. she says he will not accept a deal that does not include tax rate increases for the wealthiest americans. but she also said she thinks negotiators have enough of a sense of urgenc tow get a deal done by the middle of december. >> we are all grownups. we have a responsibility to the american people. the elements for an agreement are there. time is of the essence, the quicker we do tthe more confidence we instill, the better it is for the economy and the american people. >> reporter: republicans, too, have expressed optimism that the fiscal cliff can be avoided and are open to signing legislation that includes new sources of revenue. but the president wants to raise most of that new money with $1.6 trillion over a decade. republicans are not likely to go along with that. this is why. >> there certainly is room for negotiation oneal solution and a real solution includes both revenue, increases and spending reductions. the reason we have concern about what the president has talked about a
the leaders, trying to steer the country away from the fiscal cliff. she says he will not accept a deal that does not include tax rate increases for the wealthiest americans. but she also said she thinks negotiators have enough of a sense of urgenc tow get a deal done by the middle of december. >> we are all grownups. we have a responsibility to the american people. the elements for an agreement are there. time is of the essence, the quicker we do tthe more confidence we instill, the...
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cliff. earlier i spoke with maryland congressman, the ranking democrat on the house budget committee about how confident he is a teal can be reached by the end of the year and whether he thinks the president received a mandate from voters to raise taxes on the wealthy. >> i'm confident that there is the desire and will to get it done. as always, the devil is in the details and there is a lot of work to do. but we have a constructive spirit and so i'm hoping that will get us through. but again, there are lots of tough negotiations ahead. >> why don't you feel that closing loopholes is enough to make a difference similar to what the simpson bowles plan called for? >> the simpson bowles plan has two revenue components. one is they assume in their baseline, in their starting point, that you will get the same amount of revenue you would achieve if you allowed the top rate to go back to clinton era levels, a little over 39%. on top of that, they generate about a trillion dollars through tax reform
cliff. earlier i spoke with maryland congressman, the ranking democrat on the house budget committee about how confident he is a teal can be reached by the end of the year and whether he thinks the president received a mandate from voters to raise taxes on the wealthy. >> i'm confident that there is the desire and will to get it done. as always, the devil is in the details and there is a lot of work to do. but we have a constructive spirit and so i'm hoping that will get us through. but...
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no doubt they will discuss how to avoid the fiscal cliff. that's a series of automatic tax hikes and spending cuts due to kick in the beginning of next year. at that point the tax rates are expected to be a sticking point in the negotiations because both sides have already made their case to the american people, listen. >> the other path is for congress to pass a law right away to prevent a tax like on the first $250,000 of anyone's income. and that means all americans, including the wealthiest americans get a tax cut and 98% of americans and 97% of iness owners won't see their income taxes go up a single dime. the senate has already passed a bill like this, democrats in the house are ready it pass one, too. all we need is for republicans in the house to come on board. we shouldn't hold the middle class hostage while congress debates tax cuts for the wealthy. >> tax reform that eliminates wasteful tax to generate revenue will help bring fairness and efficiency to our tax system and this approach makes more sense than raising tax rates, which
no doubt they will discuss how to avoid the fiscal cliff. that's a series of automatic tax hikes and spending cuts due to kick in the beginning of next year. at that point the tax rates are expected to be a sticking point in the negotiations because both sides have already made their case to the american people, listen. >> the other path is for congress to pass a law right away to prevent a tax like on the first $250,000 of anyone's income. and that means all americans, including the...
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to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the president is using the bully pulpit and appeal to the american people and pushing to extend the bush era tax cuts but those making $250,000. a year. democrats want high tax rates for the wealthy. the president stressed the urgency of the situation in the radio address. >> if congress does nothing. every family will see the income taxes go up in the beginning of next year. a family of four will see income taxes rise $2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the presi
to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the...
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the house is shut down through christmas and even as we get closer and closer to the fiscal cliff. no deal was reached this week that would keep taxes from going up for everyone at the end of the year and john boehner accusing the president of ducking the central issue in the fiscal stand off. >> what the president offered so far, simply will not do anything to solve our spending problem. and, begin to address or nation's crippling debt and instead he wants more spending and more tax hikes, that will hurt or economy. and refuses to challenge the members of his party to deal with entitlement reform and big issues facing our nation. >> reporter: he suggests the ball is now, basically in the democrats' court. gregg. >> gregg: will the president focus at all on this topic, in the coming days? >> reporter: there doesn't appear to be much he can do, he's with his family in hawaii to celebrate christmas and he'll return to washington and landed in honolulu early today for a shorter than usual christmas break, and he says the white house -- at the white house he's a hopeless optimist but i
the house is shut down through christmas and even as we get closer and closer to the fiscal cliff. no deal was reached this week that would keep taxes from going up for everyone at the end of the year and john boehner accusing the president of ducking the central issue in the fiscal stand off. >> what the president offered so far, simply will not do anything to solve our spending problem. and, begin to address or nation's crippling debt and instead he wants more spending and more tax...
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president obottommal meet with the congressional leaders for a plan aimed at avoiding the fiscal cliff. lawmakers have said that both spending cuts and new revenue need to be on the table. house speaker john boehner said that obamacare should be fair game, also. we have a former rnc spokesperson and dnc spokesman. great to see you both. there is a lot of finger-pointing and blame. but the fact is, enough people voted on what has gotten us to this point. who steps up at this point? and has a chance to show leadership and get something done? >> i think the president is in the right position to do that. i am a little bit worried about speaker boehner's position, that's what the op-ed, saying obamacare should be on the table. one, the congressional budget office took a look, if you repealed obamacare entirely, it would cost $109 billion. so i don't think the speaker's put it on the table because it helps, i think he put it on there for positioning. but there is a problem there. the american people have had this debate. mitt romney maid the case that obamacare should be repealed and said it
president obottommal meet with the congressional leaders for a plan aimed at avoiding the fiscal cliff. lawmakers have said that both spending cuts and new revenue need to be on the table. house speaker john boehner said that obamacare should be fair game, also. we have a former rnc spokesperson and dnc spokesman. great to see you both. there is a lot of finger-pointing and blame. but the fact is, enough people voted on what has gotten us to this point. who steps up at this point? and has a...
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be done to avert this so-called fiscal cliff. ed, good to see you. merry christmas to you. >> reporter: merry christmas, kelly. economists have warned that this could lead to another recession if in fact these massive spending cuts and tax hikes kick in at the same time right at the beginning of the new year. what they're trying to do to avert that is scaled back plan that the president suggested late last week that would basically deal with some of the emergency pests of this. extended unemployment benefits for two million people about to be kicked off their benefits a week after christmas the president also wants to extend tax cuts for the middle class. you heard house speaker john boehner say the problem there that will raise tax rates for some. he thinks that will hurt the economy, although over the weekend in sort of a holiday message the speaker suggested maybe they can come together after the holiday. >> of course hope springs eternal and i know we have it in us to come together and do the right thing. we'll continue to wo
be done to avert this so-called fiscal cliff. ed, good to see you. merry christmas to you. >> reporter: merry christmas, kelly. economists have warned that this could lead to another recession if in fact these massive spending cuts and tax hikes kick in at the same time right at the beginning of the new year. what they're trying to do to avert that is scaled back plan that the president suggested late last week that would basically deal with some of the emergency pests of this. extended...
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Nov 10, 2012
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house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is claiming, you heard him say this -- he has a mandate for raising taxes. i'll quote him. he said o
house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce...
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cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >> hi there. worst yet to come. this third storm coming through overnight tonight. no one really sure quite should have water it's going to drench the region with. we had two major storms come through that dumped so much, that we've seen flooding everywhere. first person reports coming in of probably being damaged, particularly down in fulsome where a park became flooded and the water gushed through people's homes. here is one of the residents affected by that. listen to what he saw. >> i don't have carpet. >> it clogged u
cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >>...